Can I retire at age 55 with 11,200,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $11,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$924,886$916,647$908,609$900,764$893,104$859,707
2 years$457,864$449,337$441,073$433,060$425,287$392,023
3 years$302,211$293,647$285,403$277,466$269,820$237,734
4 years$224,399$215,861$207,700$199,898$192,438$161,776
5 years$177,725$169,238$161,184$153,541$146,288$117,129
6 years$146,618$138,195$130,261$122,788$115,753$88,117
7 years$124,408$116,056$108,247$100,951$94,138$68,018
8 years$107,758$99,482$91,802$84,685$78,097$53,468
9 years$94,815$86,617$79,069$72,133$65,769$42,598
10 years$84,467$76,348$68,934$62,179$56,038$34,283
11 years$76,005$67,969$60,689$54,115$48,195$27,807
12 years$68,959$61,005$53,860$47,466$41,764$22,693
13 years$63,002$55,131$48,120$41,905$36,419$18,610
14 years$57,900$50,112$43,236$37,199$31,925$15,321
15 years$53,482$45,778$39,036$33,175$28,109$12,654
16 years$49,620$42,001$35,392$29,704$24,843$10,477
17 years$46,216$38,681$32,205$26,689$22,028$8,694
18 years$43,194$35,743$29,399$24,052$19,586$7,226
19 years$40,493$33,126$26,914$21,733$17,457$6,015
20 years$38,065$30,783$24,700$19,684$15,593$5,012
21 years$35,871$28,673$22,719$17,864$13,954$4,181
22 years$33,880$26,765$20,939$16,243$12,508$3,490
23 years$32,064$25,033$19,334$14,793$11,228$2,916
24 years$30,402$23,454$17,881$13,492$10,092$2,437
25 years$28,875$22,010$16,561$12,321$9,081$2,038
26 years$27,468$20,686$15,359$11,266$8,180$1,705
27 years$26,168$19,468$14,263$10,312$7,375$1,427
28 years$24,962$18,345$13,259$9,448$6,655$1,194
29 years$23,842$17,306$12,339$8,664$6,009$1,000
30 years$22,798$16,344$11,493$7,951$5,429$837
31 years$21,824$15,450$10,715$7,303$4,909$701
32 years$20,912$14,619$9,997$6,711$4,440$587
33 years$20,058$13,845$9,334$6,172$4,018$492
34 years$19,255$13,122$8,721$5,679$3,638$412
35 years$18,500$12,446$8,154$5,227$3,295$345
36 years$17,788$11,813$7,628$4,814$2,986$289
37 years$17,117$11,219$7,139$4,436$2,706$243
38 years$16,482$10,662$6,686$4,089$2,453$203
39 years$15,881$10,139$6,264$3,770$2,225$170
40 years$15,312$9,646$5,871$3,477$2,018$143
41 years$14,772$9,182$5,505$3,208$1,831$120
42 years$14,259$8,745$5,164$2,961$1,661$100
43 years$13,771$8,332$4,846$2,733$1,508$84
44 years$13,307$7,942$4,549$2,524$1,368$70
45 years$12,865$7,574$4,271$2,331$1,242$59
46 years$12,443$7,225$4,011$2,153$1,128$49
47 years$12,040$6,895$3,769$1,989$1,024$41
48 years$11,655$6,582$3,541$1,838$930$35
49 years$11,287$6,286$3,329$1,698$845$29
50 years$10,935$6,004$3,130$1,570$767$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $11,200,000, adding $4,954 every year, while hoping to spend $45,980 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 55/40/5 Blend
54$11,200,000$11,200,000$11,200,000$11,200,000
55$12,347,510$11,753,910$11,580,310$13,013,784
56$13,558,034$12,280,929$11,919,328$13,990,319
57$14,890,490$12,832,231$12,268,162$15,047,392
58$16,357,267$13,408,958$12,627,093$16,197,071
59$17,972,015$14,012,304$12,996,407$17,448,145
60$19,749,777$14,643,523$13,376,403$18,810,273
61$21,707,125$15,303,927$13,767,384$20,294,066
62$23,862,324$15,994,891$14,169,663$21,911,188
63$26,235,497$16,717,856$14,583,563$23,674,456
64$28,848,818$17,474,332$15,009,413$25,597,961
65$31,726,724$18,265,900$15,447,554$27,697,195
66$34,896,138$19,094,218$15,898,336$29,989,191
67$38,386,731$19,961,022$16,362,117$32,492,680
68$42,231,198$20,868,132$16,839,268$35,228,258
69$46,465,563$21,817,454$17,330,167$38,218,583
70$51,129,528$22,810,987$17,835,205$41,488,575
71$56,266,839$23,850,824$18,354,783$45,065,648
72$61,925,701$24,939,159$18,889,313$48,979,961
73$68,159,236$26,078,291$19,439,218$53,264,699
74$75,025,980$27,270,629$20,004,934$57,956,373
75$82,590,440$28,518,700$20,586,909$63,095,164
76$90,923,696$29,825,147$21,185,602$68,725,288
77$100,104,078$31,192,745$21,801,485$74,895,410
78$110,217,904$32,624,400$22,435,045$81,659,090
79$121,360,292$34,123,156$23,086,780$89,075,284
80$133,636,058$35,692,207$23,757,203$97,208,886
81$147,160,708$37,334,897$24,446,842$106,131,338
82$162,061,526$39,054,733$25,156,237$115,921,284
83$178,478,776$40,855,390$25,885,945$126,665,309
84$196,567,025$42,740,718$26,636,539$138,458,743
85$216,496,603$44,714,755$27,408,604$151,406,547
86$238,455,211$46,781,731$28,202,746$165,624,293
87$262,649,688$48,946,082$29,019,584$181,239,239
88$289,307,972$51,212,456$29,859,756$198,391,523
89$318,681,243$53,585,724$30,723,916$217,235,463
90$351,046,299$56,070,994$31,612,736$237,941,005
91$386,708,168$58,673,619$32,526,909$260,695,307
92$426,002,984$61,399,209$33,467,143$285,704,492
93$469,301,165$64,253,647$34,434,169$313,195,577
94$517,010,905$67,243,097$35,428,735$343,418,594
95$569,582,031$70,374,023$36,451,612$376,648,934
96$627,510,246$73,653,198$37,503,589$413,189,928
97$691,341,811$77,087,725$38,585,479$453,375,686
98$761,678,700$80,685,047$39,698,116$497,574,231
99$839,184,282$84,452,969$40,842,358$546,190,952
100$924,589,585$88,399,671$42,019,083$599,672,402